Could Investing $5,000 in USA Rare Earth Help Make You a Millionaire?
Analysts predict USA Rare Earth's revenue will grow exponentially. Can this rare-earth miner make investors rich?
Overview
The U.S. has a magnet problem. A rare-earth magnet problem.
Pretty much every electronic you use, from smartphones to computers, requires rare-earth magnets to function properly. Indeed, these tiny, powerful magnets are even more ubiquitous than one might think, with applications in electric vehicles (EVs), wind turbines, medical equipment, weapons, and industrial machinery.
Details
At the same time, the U.S. does not have a strong domestic supply of rare-earth magnets. Most of its supply comes from foreign sources, with China dominating the global supply chain.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.